Declining selling prices and profit margins due to intensifying competition
First written in FY2016. 9 of 13 entries say "Materialised", first in FY2017. Latest entry: FY2026.
Mino Ceramic moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 36 of 84 companies on the "Worse" side.
107 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group is adapting to the competitive environment and maintaining and improving its competitiveness by taking measures including continuous innovation, cost management, differentiation strategies and enhanced market research. However, if competitors develop and launch new products that outperform the Company's products, or if competition causes selling prices or profit margins to decline, this could affect the Group's financial position and operating results.」
The Company continues to address the risks of declining selling prices and profit margins due to intensifying competition through innovation, cost management, differentiation and market research. - FY2026-H1MaterialisedAnnual report
「Amid a medium- to long-term decline in domestic cement production, sales exceeded the same interim period of the previous year, partly as a result of actively developing new customers in the ceramics field. However, profit fell below the same interim period of the previous year because of higher personnel expenses and purchased material prices, as well as the impact of price competition for refractories, the mainstay products.」
Price competition for the Company's core refractory materials products actually emerged as a factor behind lower profit, together with higher personnel expenses and purchased-material costs. - FY2023-Q1MaterialisedAnnual report
「Revenue and profit were both below the same quarter of the prior year due to the impact of surging raw material and fuel prices and intensified price competition.」
Intensified price competition actually emerged as a cause of year-on-year declines in revenue and profit in the refractory materials business. - FY2022MaterialisedAnnual report
「Operating profit was ¥864 million, down 25.3% year on year, due to surging raw material and fuel prices, intensified price competition and other factors.」
Intensified price competition actually emerged as a factor behind lower profit, primarily in the refractory materials business. - FY2022-Q3MaterialisedAnnual report
「Under these circumstances, domestic cement production declined for the second consecutive month. Sales in the refractories business exceeded the same quarter of the previous year, partly due to the effects of acquiring new customers, but profit fell significantly below the same quarter of the previous year due to higher raw material and fuel prices and intensifying price competition.」
Intensified price competition actually emerged as a factor causing a substantial year-on-year decline in profit in the refractory materials business. - FY2022-Q1MaterialisedAnnual report
「Although the Company worked to develop new customers and reduce various costs, revenue and profit both fell below the same quarter of the previous fiscal year due to the impact of intensifying price competition.」
Intensified price competition actually emerged as a cause of year-on-year declines in revenue and profit in the refractory materials business. - FY2021MaterialisedAnnual report
「Under these circumstances, domestic cement production declined for the second consecutive year. Although the refractories business actively pursued new customer acquisition and various cost reductions, including productivity improvements, both sales and profit declined due in part to intensifying price competition and the depreciation burden associated with capital investment.」
Intensified price competition actually emerged in annual results as a cause of lower revenue and profit in the refractory materials business. - FY2020RestatedAnnual report
「If competitors develop and launch new products that outperform the Company's products, or if competition causes selling prices or profit margins to decline, this could affect the performance of the Group.」
The Company continues to disclose the risks of competitors launching new products and causing declines in selling prices and profit margins. - FY2019-Q3MaterialisedAnnual report
「Profit was below the same quarter of the previous year because, in addition to the shortage of construction workers and higher material costs, competition for orders also intensified.」
Intensified competition for orders actually emerged in the third quarter as a cause of lower profit in the building materials and paving materials businesses. - FY2019-Q2MaterialisedAnnual report
「Profit was below the same quarter of the previous year because, in addition to the shortage of construction workers and higher material costs, competition for orders also intensified.」
Intensified competition for orders actually emerged in quarterly results as a cause of lower profit in the building materials and paving materials businesses. - FY2018RestatedAnnual report
「Declining selling prices and profit margins due to competition with industry peers, tighter environmental regulations, and the transfer of technology and expertise associated with an aging workforce and employee retirements could affect the performance of the Group.」
The Company continues to identify the possibility of declining selling prices and profit margins due to intensifying competition as a risk. - FY2017MaterialisedAnnual report
「In the construction materials and paving materials business, sales and profit both declined because, in addition to a shortage of construction workers and intensifying competition for orders, the start of public works projects was delayed more than expected.」
Intensified competition for orders actually emerged in annual results as a cause of lower revenue and profit in the building materials and paving materials businesses. - FY2016First statedAnnual report
「Declining selling prices and profit margins due to competition with industry peers」
In the building materials and paving materials businesses, intensified competition for orders was cited as an actual cause of lower revenue and profit.